MG 352 5 EXAM | 100% CORRECT ANSWERS | LATEST UPDATE | RATED 100%

A (n) __________ is a risk that will have a negative impact on a project objective if it occurs. ANSWER: Threat ______ are risks that can be identified as risk, but the likelihood of their occurrence is unknown. ANSWER: Known unknown One method of identifying risks is the __________, an information gathering technique used as a way to reach a consensus among experts on a subject, with the experts participating anonymously. ANSWER: Delphi The primary output of risk identification is the ____________. ANSWER: Risk register While all projects should use _________ risk analysis, ___________ risk analysis is only used when necessary and on selected risks. ANSWER: Qualitative, quantitative ______ is a quantitative what-if risk analysis technique that presents comparative analyses of various desirable outcomes with respect to a financial measure or uncertainty. Tornado diagrams are often used to represent this analysis. ANSWER: Sensativity analysis Which of these risk response strategies is NOT appropriate for negative risks or threats? ANSWER: Share All of these are risk response strategies only for opportunities or positive risks EXCEPT: ANSWER: Mitigate A SWOT analysis is an information-gathering tool that helps increase the range of identified risks by examining strengths, weaknesses, _______ and threats to a project. ANSWER: Opportunities The ______ is a living document in which the results of risk analysis and risk response planning are recorded. ANSWER: Risk register While all projects use ____ risk analysis, _____ risk analysis is only used when it is needed and there is sufficient data to develop appropriate models. ANSWER: Qualitative, quantitative A team's attempt to list, on individual sticky notes, all of the possible threats and opportunities that could occur to an upcoming project might be used during the _____________ process. ANSWER: Identify risk Avoid risk, mitigate risk, accept risk, and ______ are all strategies for responding to negative risks, also known as threats